Hot times for Revo and PRISM/OYO

Dear Insider,

Please cool off – in the hotel! Seven hotels in the lovely little town of Mainz (near Frankfurt) are offering a cool double room during the hot weather, for just €55. It must be at least 33 degrees, and the weatherman must have forecast the heat five days in advance.

The German hotel industry has been smouldering since January this year. Behind the scenes, the sell-off continues as part of the Revo insolvency proceedings. The leading insolvency solicitors have everything under control – or so they believe. Four weeks ago, they announced five groups of bidders, but they still haven't revealed their names. The only thing that helps is media research. Thanks to the Federal Cartel Office, Motel One has now been ‘officially’ identified as intending to take over 10 properties. An interview in Israel reveals a new player entering the fray: the developer and investor Israel Canada plans to enter the German hotel market through its company “Brown Hotels” – via five operating agreements and one property (four of which are H Hotels from the Revo estate), according to the newsletter tageskarte.

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Dear Insider,

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